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UCA Funds Management appoints Terry McCredden to board

RACHEL ALEMBAKIS  |  FRIDAY, 1 NOV 2013  |  NEWS
UCA Funds Management has appointed former UniSuper CEO Terry McCredden as a non-executive director. McCredden retired in July from UniSuper and has more than 30 years' experience in the financial services industry and was awarded Fund Executive of the ...

City of Melbourne looks to commercial solar installation

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 OCT 2013  |  NEWS
Ed. note: This article has been updated with information from Cr Arron Wood The City of Melbourne and the Sustainable Melbourne Fund are reaching out to advise non-residential commercial building owners of financing options for cost-effective solar ...

Investors ask companies for information on fossil fuel exposures

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 OCT 2013  |  NEWS
Australian investors have joined a group of 70 global investors calling on the world's top oil and gas, coal and electric power companies to assess the financial risks of climate change to their business. The Carbon Asset Risk (CAR) initiative, coordinated ...

CBA questioned over carbon emissions calculations

RACHEL ALEMBAKIS  |  FRIDAY, 25 OCT 2013  |  NEWS
The Commonwealth Bank of Australia has reported that it has achieved and exceeded its target to reduce carbon emissions by the end of the 2012/2013 financial year, but it included in its calculations of its reductions a re-allocation of 3,500 tonnes ...

DLA Piper: climate change legal risk in property development

RACHEL ALEMBAKIS  |  FRIDAY, 25 OCT 2013  |  NEWS
State legislation requiring local municipal bodies to take climate change into account when considering property development proposals are leading to unexpected and unpredictable outcomes that expose companies and government authorities to legal risk ...

ARENA announces launch of wave-to-electricity unit

RACHEL ALEMBAKIS  |  FRIDAY, 25 OCT 2013  |  NEWS
The world's first wave-energy-to-electricity unit has been launched in Port MacDonnell, South Australia, the Australian Renewable Energy Agency (ARENA) has announced. ARENA provided funding to Oceanlinx, which designed and constructed the one megawatt ...

Willingness to pay affects BlackRock sovereign debt scores

RACHEL ALEMBAKIS  |  FRIDAY, 25 OCT 2013  |  NEWS
Political dysfunction in the United States has affected BlackRock's rating of its willingness to repay sovereign debt, according to the quarterly update of the BlackRock Sovereign Risk Index (BSRI). The BSRI focused on the US and what it labels the ...

Green bond potential to finance low-carbon chemical industry

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 OCT 2013  |  NEWS
Green bonds could potentially be issued to finance capital investment in the chemical industry, said Sean Kidney, Climate Bonds Initiative CEO. Sean Kidney, Climate Bonds CEO "The latest science shows that carbon emissions in industrialized countries ...

Companies face uncertainty from timing of carbon tax repeal

RACHEL ALEMBAKIS  |  FRIDAY, 18 OCT 2013  |  NEWS
Companies that are currently liable under the carbon pricing mechanism (CPM) face uncertainty over their compliance and potential pricing arrangements if the government's proposed legislation to repeal the price on carbon is not passed by July 2014. ...

Property developers advised to factor in climate change risk

RACHEL ALEMBAKIS  |  WEDNESDAY, 16 OCT 2013  |  NEWS
Australian property developers should start factoring in climate change impacts immediately or face significant financial risk, according to Net Balance. "While the local government have understood climate risk and opportunity for some time, the property ...